Deposit Insurance Fund Assistance Act of 1991

Summary

Deposit Insurance Fund Assistance Act of 1991 - Amends the Federal Reserve Act to require Federal Reserve Banks to pay the Federal Reserve Board (the Board) an amount equal to their imputed earnings on reserves each calendar quarter. Requires the Board to pay promptly to the Bank Insurance Fund, the Savings Association Insurance Fund, and the Credit Union Insurance Fund that portion of the assessment attributable to reserves held at Federal Reserve Banks for that quarter by the members of each fund as calculated by the Board. Directs the Federal Financing Bank to lend the Federal Deposit Insurance Corporation specified sums upon request. Authorizes the Board to require a solvent depository institution to maintain a certain amount of its required capital reserves in either qualified cumulative preferred stock or in qualified subordinated debentures issued by depository institutions selected by the Board. Directs the Board to establish a nine-member advisory committee consisting of individuals from the private sector to advise it on selection of such institutions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 January 1991

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.